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Potomac Bank

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Description

Potomac Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. As a trusted community bank, it provides personalized assistance and flexible loan options to help entrepreneurs achieve their goals. The bank specializes in SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. With a focus on customer service, Potomac Bank guides clients through the application process, ensuring clarity and support at every step. Its experienced lending team works closely with borrowers to develop customized financing solutions that align with their business plans and financial capabilities. Whether you’re a startup or an established enterprise, Potomac Bank is committed to fostering local economic development by providing accessible SBA financing options. The bank’s approach emphasizes transparency, competitive rates, and efficient processing to meet the unique needs of small business owners in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
197
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and personalized financial services to small businesses in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting or consulting; however, loan processing and application fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves local residents and small business owners within the region, but some services may be available to non-residents with qualifying criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, though other factors are also considered in the approval process.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and supporting documents.
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